Roth Mkm Reiterates Buy Rating for EnerSys (NYSE:ENS)

Roth Mkm reissued their buy rating on shares of EnerSys (NYSE:ENS) in a research note published on Monday, Benzinga reports. They currently have a $120.00 price target on the industrial products company’s stock.

A number of other analysts have also weighed in on ENS. StockNews.com lowered shares of EnerSys from a strong-buy rating to a buy rating in a research note on Friday, August 30th. Roth Capital upgraded shares of EnerSys to a strong-buy rating in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $118.00.

EnerSys Stock Performance

Shares of NYSE:ENS opened at $101.56 on Monday. The firm’s 50 day simple moving average is $100.10 and its 200-day simple moving average is $98.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a one year low of $83.27 and a one year high of $112.53. The firm has a market cap of $4.09 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same period last year, the business posted $1.89 EPS. EnerSys’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities analysts predict that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.24 per share. This is a boost from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Monday, September 16th. EnerSys’s dividend payout ratio is 14.77%.

Insider Buying and Selling at EnerSys

In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last quarter. Insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys in the second quarter worth about $25,000. Covestor Ltd raised its position in shares of EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. UMB Bank n.a. raised its position in shares of EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC boosted its stake in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter worth approximately $41,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.